Global X U.S. Infrastructure Development ETF (BATS:PAVE) Sets New 52-Week High at $38.99

Global X U.S. Infrastructure Development ETF (BATS:PAVE) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $38.99 and last traded at $39.10, with a volume of 696378 shares. The stock had previously closed at $38.76.

Global X U.S. Infrastructure Development ETF Stock Performance

The company has a 50-day moving average of $38.35 and a 200-day moving average of $38.26. The stock has a market cap of $7.58 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13.

Institutional Investors Weigh In On Global X U.S. Infrastructure Development ETF

Several large investors have recently modified their holdings of PAVE. Heritage Wealth Management Inc. acquired a new position in Global X U.S. Infrastructure Development ETF during the second quarter worth $309,000. Sanctuary Advisors LLC purchased a new position in shares of Global X U.S. Infrastructure Development ETF in the 2nd quarter valued at about $7,041,000. Heritage Oak Wealth Advisors LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF in the second quarter valued at about $779,000. Granite Bay Wealth Management LLC purchased a new stake in Global X U.S. Infrastructure Development ETF during the second quarter worth about $3,081,000. Finally, NewEdge Advisors LLC grew its position in Global X U.S. Infrastructure Development ETF by 37.1% during the second quarter. NewEdge Advisors LLC now owns 77,603 shares of the company’s stock worth $2,873,000 after buying an additional 20,980 shares during the period.

About Global X U.S. Infrastructure Development ETF

The Global X U.S. Infrastructure Development ETF (PAVE) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-weighted index of US-listed companies that derive the majority of their revenue from or have a stated business purpose related to infrastructure development.